Indonesia's digital Islamic economy, Shariah standard, blockchain benefits

Author

Salaam Gateway
October 21, 2024

Pulse of the Global Islamic Economy

Rabi al-Thani 18, 1446 AH

Asalam u alaikum,

In this newsletter, we spotlight the potential of blockchain as a key solution in the traceability of halal food products. Despite its modest implementation, it could prove to be a game changer and help streamline processes. Also, do read how the Gaza conflict has affected beverage brands in the UK.  

Meanwhile, Indonesia has emerged as the world’s largest digital Islamic economy, worth $40.57 billion in 2022. And lastly, we pray for the people of Palestine and Lebanon and their safety. 

Editor's pick:

Blockchain could be a game changer for the traceability of halal food products

Recommended reads:

Several alternatives have gained prominence in the UK and European markets

The guidelines, if adopted as they have been presented, could disrupt the market

Did you know?

E-commerce revenue in the GCC is projected to increase by 11% annually between 2023 and 2027, reaching around $50 billion annually by 2027.

Infographics:

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